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World Business: The Pain in Spain 03/04/09

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Uploaded by on Apr 8, 2009

World Business: Until recently Spain was the main engine of job creation in the euro region, providing 2 out of every three new jobs. But now thats all changed. With the collapse of the construction industry, Spain has gone from boom to bust in a year and unemployment has rocketed to 14%, almost double the EU average.

Reporter: Joanna Harrison

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  • France and Germany want to save your ass, thanks to Spain and Italy, but Italy and Spain falls, falls across Europe, the Spanish and Italian GDP with GDP is greater than the German and Polish together

  • thankfully the Spanish Parliament did an labor reform, hopefully it'll work.

  • cos may be they haven't got the brain to use the resources !

  • Oh yeah, that's definitely the view of an economist in the making.

  • I dont care about Immigrants, coz the rich country are stealing our resources and some of our job took by foriengners not our own people ...

  • althought there is so much unemployment in Spain.....you don't see them dealing weed and killing for money on a mass scale like other countries

  • Hey, thanks for letting me know you've already finished it!!

  • There's too many Asian,Muslims ,African,India, Immigrating in Spain ,Uk ,France.Time to move too those Countries for Employment!!

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